Factory overhead: Indirect labor Machinery depreciation $ Heat, light, and power ~ 39,460 23,840 8,220 6,580 5,750 10,690 Supplies Property taxes Miscellaneous costs Total factory overhead 94,540 Total manufacturing costs incurred during January Total manufacturing costs Materials inventory, January 31 x Cost of goods manufactured Feedback Check My Work a. Add the beginning materials and purchases and subtract the ending materials. Add direct labor and factory overhead. This will give process and subtract the ending work in process. b. Determine the cost of goods sold for January. Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Sandusky Manufacturing Company for the month ended January 31 are as follows: Inventories Materials January 1 $205,500 135,630 106,860 January 31 $184,950 1 22,070 Work in process Finished goods 123,920 Direct labor $369,900 394,560 Materials purchased during January Factory overhead incurred during January: Indirect labor 39,460 23,840 Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 8,220 6,580 5,750 10,690 a. Prepare a cost of goods manufactured statement for January. Sandusky Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended January 31 Work in process inventory, January 1 $ 135,630 Direct materials: Materials inventory, January 1 $ 205,500 Purchases Cost of materials available for use Materials inventory, January 31 184,950 Cost of direct materials used in production Direct labor 369,900